We present a characterization of the main properties of the night-sky at the Calar Alto observatory for the time period between 2004 and 2007. We use optical spectrophotometric data, photometric calibrated images taken in moonless observing periods, together with the observing conditions regularly monitored at the observatory, such as atmospheric extinction and seeing. We derive, for the first time, the typical moonless night-sky optical spectrum for the observatory. The spectrum shows a strong contamination by different pollution lines, in particular from Mercury lines, which contribution to the sky-brightness in the different bands is of the order of ∼0.09 mag, ∼0.16 mag and ∼0.10 mag in B, V and R respectively. Regarding the strength of the Sodium pollution line in comparison with the airglow emission, the observatory does not fulfill the IAU recomendations of a dark site. The zenith-corrected values of the moonless night-sky surface brightness are 22. 39, 22.86, 22.01, 21.36 and 19.25 mag arcsec −2 in U , B, V , R and I, which indicates that Calar Alto is a particularly dark site for optical observations up to the I-band. The fraction of astronomical useful nights at the observatory is ∼70%, with a ∼30% of photometric nights. The typical extinction at the observatory is κ V ∼0.15 mag in the Winter season, with little dispersion. In summer the extinction has a wider range of values, although it does not reach the extreme peaks observed at other sites. The analysis of the Winter and summer extinction curves indicates that the Rayleigh scattering is almost constant along the year. The rise of the extinction in the summer season is due to an enhance of the Aerosol extinction, most probably associated with an increase of dust in the atmosphere. The median seeing for the last two years (2005-6) was ∼0.90 ′′ , being smaller in the Summer (∼0.87 ′′ ) than in the Winter (∼0.96 ′′ ). We conclude in general that after 26 years of operations Calar Alto is still a good astronomical site. Its main properties are similar in many aspects to those of other major observatories where 10m-like telescopes are under operation or construction, being a natural candidate for future large aperture optical telescopes.